Legal Question in Credit and Debt Law in Pennsylvania

unsecured credit card collections

When I was 16 my father got a credit card for me. It is in his name and my name. I used this credit card and made payments accordingly until in 1993 I (7 years later) I was married with a baby and started having financial problems. I tried differnet payment plans with the credit card company but was unable to keep up with the payments. The last time I charged anything to the card was in 1992, the balance on the account was $6700. the last time I made a pyment on this card was late 1996. Now the with interest and late charges the account now holds a balance of $11000. This was an unsecured credit card. I am now married with a home that is in both my name and my wife's name. My parent house is in both their names. Can the creditor put a lien against my or my parents house for payment for the account?


Asked on 9/05/00, 10:27 pm

1 Answer from Attorneys
Robert Lipshutz Robert M. Lipshutz, Esquire

Re: unsecured credit card collections

Dear sir:The credit card company can bring a claim against you within the applicable statute of limitations. An attorney would have to have the credit card agreement to answer the question. The longest statute of limitations I know is six years, but there may be a state that governs the card in which the length of time is longer. I am sorry not to be able to give a more definitive answer, but you would have to retain a debtor's rights attorney and give him or her the agreement to get an answer. If a claim can be brought, it is likely that a lien can be put against any property you own.

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Answered on 10/05/00, 11:53 am


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